Are Any Landlords in the UK Accepting Bitcoin\CryptoCurrencies for Rent Payments

Carlton Banks

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Quote from: Kakmakr on September 21, 2019, 04:18:47 AM

Asset seizure is not something new, there is no difference between a Rolex watch being seized at a drug raid and a house being seized when it was bought with criminal income. The UK have seized many properties and expensive cars in the past, when they have to get money back to the victims of these crimes.

no

what you're talking about is when there's also proof that someone is breaking the law, and proof that money made from law-breaking was spent on the assets that are confiscated. That's been going on for 30+ years in the Western world.

what I'm talking about is something new:

the UK authorities now claim the right to confiscate property even when they have no evidence that criminality funded asset purchases. As long as there is any doubt as to how the money used in property purchases was earned (which is why foreign owners are easily targeted by this new law), then the property is confiscated without reimbursement

the London property market in particular could be badly weakened by this, the percentage of foreign buyers (who may or may not be earning money from criminality) is very high in London.

Broly46

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0xe25ce19226C3CE65204570dB8D6c6DB1E9Df74AC

I’m always relentented to accept rent in crypto, not from UK, may be due to the borderline soft skills required to be one of them, crypto landord should equip themselves with enough tech knowledge and know how, but I’m seeing clear advantage to moving into crypto, I believe it will be a matter of “Uber replacing taxi” phenomenal, may be I can call it “crypto replacing banking”?

Kakmakr

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Quote from: Carlton Banks on September 19, 2019, 05:37:05 PM

Quote from: gentlemand on September 19, 2019, 02:21:23 PM

If you flipped that around and advertised your property specifically to Bitcoin owners I'll bet you'd get plenty of bites.

there's a risk you would not be able to keep a UK property bought with BTC, there's a new British law (since a few years ago) that allows the state to repossess property ~~bought with cash/barter instruments~~ if the buyer cannot prove the ~~cash/cash alternative~~ money used to buy was legally theirs (targeted mainly against foreign owners, apparently). Capitalism in the property market is more or less entirely illegal in England now (the Labour party leader is making suggestions that the government will decide the "fair" price in certain property sales. if this sort of thing continues, the price will drop without government help Wink

).

UK housing market is likely to be hurt eventually, although the rest of the political uncertainty will play an equal part in that.

Edit: I checked this, and in fact it's not cash transactions that are targeted, but any transaction used to buy UK property. Couldn't find information as to how far back in time this can be applied, but this could essentially be a blank cheque for UK government administrators to repossess almost any UK real estate/property, as the further into the past this law gets applied, the easier it could be to cast doubt on the source of money used to buy.

you'd be nuts to either buy or hold UK property under such circumstances

Asset seizure is not something new, there is no difference between a Rolex watch being seized at a drug raid and a house being seized when it was bought with criminal income. The UK have seized many properties and expensive cars in the past, when they have to get money back to the victims of these crimes.

They also need some additional income to channel towards strengthening law enforcement capabilities. I would much rather have criminals paying for that, than having our tax money paying for that. Wink

OP, you can only ask landlords if they are willing to accept bitcoins.... nobody can force people to adopt Bitcoin. Wink

Carlton Banks

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Quote from: ololajulo on September 20, 2019, 08:44:09 AM

If this is true it is a difficult issue to deal with with cryptocurrency. ELAD network seem to have risen to deal with similar case in real estate. They give opportunity of payment in cryptocurrency both to purchase and rent.

I'd look into this carefully if I were you.

The rental business: no problem. If someone else owns the property, that's their hot potato. You take the BTC, landlord gets their money, client gets a rental property; it's hard to get bitten in that configuration.

But anyone who wants to use an agency like yours to buy a property in the UK is taking an additional and significant risk, it's your responsibility (and theirs) to understand this risk and make everyone aware, there's a possibility that those who were not sufficiently informed could discover this thread if you do not Grin

UK property market could take a big hit from this sort of thing. As someone who could be a potential buyer, my perspective is: too risky, no chance. Watch while the demand sinks, and the prices along with it.

darewaller

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I have a friend in one of these popular African countries, and when you say some of these unbelievable things will happen, he will tell you that is leg should break if it ever happens, and I think I am also saying that now lol.

Landlords that are very stingy, if they are offer option of receiving payment in bitcoin, I doubt if they will ever accept it because when they think of the volatility, they will not think of the positive side of having an increased money, but what they will look at first is having to lose their money to volatility and they may never take the payment, the only way that I see landlords accepting cryptocurrency payment is when it is being enforced by law as the only recognized means of global payment, otherwise, forget it.

Duzter

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There are landlords who accept bitcoin for renting his properties. In our forum saw a thread that described about a property for sale with bitcoin accepted poster being placed at the front portion of the property. Also there were more transactions happened in the event of property buying and leasing.

ololajulo

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Quote from: Carlton Banks on September 19, 2019, 05:37:05 PM

there's a new British law (since a few years ago) that allows the state to repossess property bought with cash/barter instruments if the buyer cannot prove the cash/cash alternative used to buy was legally theirs (targeted mainly against foreign owners, apparently).
.

If this is true it is a difficult issue to deal with with cryptocurrency. ELAD network seem to have risen to deal with similar case in real estate. They give opportunity of payment in cryptocurrency both to purchase and rent. They are rooted in the UK and looking for foreign countries to extend the business. As the idea is important so is the tokenomics, how they plan to make every interested customers to purchase their token to acquire their property from around the world. The way bitcoin rose will never be the same way other altcoin will rise any more, they will need a lot of work.

hotmom

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I think if you pay a little more attention to this you can easily find these landlords

rodel caling

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Quote from: carter34 on September 19, 2019, 12:40:36 PM

Such transactions are very possible now not even in the future. Bitcoin is already used for different kinds of payment and rent won't be an exception.
The point to it is that it will always be people who understand it or probably into it too.

Exactly bitcoin is now popular worldwide to use as mode of payment so no wonder that lardlords possible yo accept bitcoin payment for their tenant.
But of ofcourse their have an optional payment system because we need to accept not all tenant or renter are now know how about bitcoin.

Carlton Banks

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Quote from: gentlemand on September 19, 2019, 02:21:23 PM

If you flipped that around and advertised your property specifically to Bitcoin owners I'll bet you'd get plenty of bites.

there's a risk you would not be able to keep a UK property bought with BTC, there's a new British law (since a few years ago) that allows the state to repossess property ~~bought with cash/barter instruments~~ if the buyer cannot prove the ~~cash/cash alternative~~ money used to buy was legally theirs (targeted mainly against foreign owners, apparently). Capitalism in the property market is more or less entirely illegal in England now (the Labour party leader is making suggestions that the government will decide the "fair" price in certain property sales. if this sort of thing continues, the price will drop without government help Wink

).

UK housing market is likely to be hurt eventually, although the rest of the political uncertainty will play an equal part in that.

Edit: I checked this, and in fact it's not cash transactions that are targeted, but any transaction used to buy UK property. Couldn't find information as to how far back in time this can be applied, but this could essentially be a blank cheque for UK government administrators to repossess almost any UK real estate/property, as the further into the past this law gets applied, the easier it could be to cast doubt on the source of money used to buy.

you'd be nuts to either buy or hold UK property under such circumstances

gentlemand

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Welt Am Draht

I well and truly cannot imagine any tenant unfamiliar with Bitcoin being anything other than mystified and turned off by the idea.

If you flipped that around and advertised your property specifically to Bitcoin owners I'll bet you'd get plenty of bites. There'll be many Bitcoin owners with a ton of value tied up in it and hardly anywhere to spend it.

carter34

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Such transactions are very possible now not even in the future. Bitcoin is already used for different kinds of payment and rent won't be an exception.
The point to it is that it will always be people who understand it or probably into it too.

Baby Dragon

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Quote from: Mandoy on September 19, 2019, 08:57:53 AM

There are actually landlords who are accepting bitcoin as form of payment for rentals. I have heard that somewhere in London’s Willesden Junction there is a property developer who is willing to accept bitcoin as payment for rentals. The name of the property developer is "The Collective" and according to them bitcoin payments is a way for them to cater international clients and demands. I cannot give the full details but if you are really interested you can search it on google and it will appear.

No wonder why it was accepted, bitcoin is indeed has the potential to give opportunities and benefits to us. Its amazing when they finally acquired on using bitcoin, looking forward to see more information about it and news like this because it can affect bitcoin positively. If the owner has enough knowledge about bitcoin and on using it, then they can work it properly to get the benefits that they wanted.

Mandoy

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Aurox

There are actually landlords who are accepting bitcoin as form of payment for rentals. I have heard that somewhere in London’s Willesden Junction there is a property developer who is willing to accept bitcoin as payment for rentals. The name of the property developer is "The Collective" and according to them bitcoin payments is a way for them to cater international clients and demands. I cannot give the full details but if you are really interested you can search it on google and it will appear.

hermawan9416

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Surely someone is ready to accept crypto, you just need to search

probuytolet

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Hi to everyone out there! Grin

I was curious of any landlords in the UK are accepting bitcoin or other crypto currencies as payment for their tenants' rent? I am considering doing so, as I believe there may be less fees for the tenants, but also worry there may be much more education needed for tenants to accept the idea. Maybe I could write up a big guide on our websiteProbuytolet.com and show tenants that as a step by step process for paying via crypto? Would love to chat with other property owners in this space!

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